https://www.taxtmi.com/caselaws?id=123354 Exemption under Notification No. 45/2001-C.E. (N.T.) was established for diesel generating sets supplied to a joint venture in Nepal for a hydro-electric project, because a subsequent certificate confirmed that the remittances related to those supplies and were received in US dollars. The earlier denial based on absence of certification from the German company was not sustained once that evidence was produced. As the exemption claim was accepted, the foundation for interest and penalty also fell away, and the denial of exemption, interest, and penalty was set aside. en-us Tue, 26 Feb 2008 00:00:00 +0530 Thu, 13 Sep 2012 12:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123354 Exemption under Notification No. 45/2001-C.E. (N.T.) was established for diesel generating sets supplied to a joint venture in Nepal for a hydro-electric project, because a subsequent certificate confirmed that the remittances related to those supplies and were received in US dollars. The earlier denial based on absence of certification from the German company was not sustained once that evidence was produced. As the exemption claim was accepted, the foundation for interest and penalty also fell away, and the denial of exemption, interest, and penalty was set aside. Case-Laws Central Excise Tue, 26 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123354